Shakey's Pizza Asia Ventures (PHS:PIZZA) ROCE % : 6.43% (As of Mar. 2024)

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What is Shakey's Pizza Asia Ventures ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Shakey's Pizza Asia Ventures's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.43%.

Shakey's Pizza Asia Ventures ROCE % Historical Data

The historical data trend for Shakey's Pizza Asia Ventures's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shakey's Pizza Asia Ventures ROCE % Chart

Shakey's Pizza Asia Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.84

-0.36

4.82

10.76

10.47

Shakey's Pizza Asia Ventures Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.20	11.63	10.10	11.93	6.43

Shakey's Pizza Asia Ventures ROCE % Calculation

Shakey's Pizza Asia Ventures's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1600.538	/	( ( (17708.418 - 2804.649)	+	(18627.948 - 2948.806) )	/ 2 )
	=	1600.538	/	( (14903.769	+	15679.142)	/ 2 )
	=	1600.538	/	15291.4555
	=	10.47 %

Shakey's Pizza Asia Ventures's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1018.316	/	( ( (18627.948 - 2948.806)	+	(18540.303 - 2559.63) )	/ 2 )
	=	1018.316	/	( ( 15679.142	+	15980.673 )	/ 2 )
	=	1018.316	/	15829.9075
	=	6.43 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Shakey's Pizza Asia Ventures (PHS:PIZZA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Shakey's Pizza Asia Ventures (PHS:PIZZA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Shakey's Pizza Asia Ventures Inc (PHS:PIZZA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Km East Service Road, Corner Marian Road 2, Barangay San Martin De Porres, Paranaque, PHL, 1700

Website

https://www.shakeyspizza.ph

Shakey's Pizza Asia Ventures Inc owns and operates a franchise pizza restaurant in the Philippines. The company owns the rights and trademarks in Asia (except Malaysia and Japan), China, Middle East, Australia, and Oceania. Its reporting segments are Restaurant, Franchise and royalty fees and commissary, and others. Restaurant sales comprise revenues from restaurant activities and sale of merchandise and equipment to franchisees, Franchise and royalty fees represent payment of sub-dealers for use of the Shakey's brand, and Commissary sales comprise of third-party sales other than aforementioned activities. The company generates a majority of its revenue from restaurants.

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